I was in Steem since inception. And I left it due to 5 reasons:
- It was not designed for developers
- Broken consensus
- Gamebale rewards
- It was not optimized for search
- Initial distribution was suboptimal
Since then I was dreaming about the system without this flaws.
And now, after almost 4 years of research and development I am pretty sure its doable ;-)
Join us!
6 hours left for Cyber takeoff round
Good to see you blog again! 👋
It was not designed for developers
https://developers.hive.io
Broken consensus
Consensus is working fine. Even in extreme situations Hive was born out of Steem.
Gamebale rewards
Welcome to game of stakes, proof of stake always plays by the rules of stake.
It was not optimized for search
https://hivesearcher.com
Initial distribution was suboptimal
Welcome to Hive, where development allocated funds reside in Decentralized Hive Fund. https://ecency.com/proposals
Regardless, interesting to read about your journey and good luck with project... do share your thoughts or progress on https://ecency.com time to time.
Happy to see you too :-)
You see how rewards continuously wash value out of the system. If no floor on supply/demand equilibrium exist the system is deemed to collapse. We had some experiments in Golos, which proves that thinking on how to sustain value while paying content rewards have to lie in different dimension.
I would advise you to dive deeper in the Cyber project https://github.com/cybercongress/go-cyber
In the following months we our going to significantly improve on initial distribution, economics, computing, and experience. But what it does already is quite impressive.